Yellow Point Equity Partners acquires Bravo Oilfield Safety Services
Canadian mid-market private equity firm Yellow Point Equity Partners has purchased Bravo Oilfield Safety Services Inc, a provider of fire suppression, mobile medical treatment, well control and other safety solutions to the oil and gas industry. The financial terms of the deal, which was done in partnership with Bravo’s senior managers, were not disclosed. Co-investor Ray Brausen will remain in his role as company president, and will continue to lead the business alongside new CEO and co-investor Harvey Schott. The transaction was completed by Yellow Point Equity Partners III LP, which was closed by Vancouver-based Yellow Point in 2012. Bravo has its headquarters in Grande Prairie, Alberta.
4 April 2014•2 mins read
